Table Of ContentGLOBALISATION AND KOREAN FOREIGN INVESTMENT
To Sara and Chang-Hee
with love
Globalisation and Korean
Foreign Investment
'Edited by
JOHN A. TURNER
University of Surrey
YOUNG-CHAN KIM
University of London
First published 2004 by Ashgate Publishing
Reissued 2018 by Routledge
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ISBN 13: 978-0-815-38924-8 (hbk)
ISBN 13: 978-1-351-15736-0 (ebk)
Contents
List of Figures vii
List of Tables viii
List of Contributors x
Acknowledgements xi
1 Introduction: Interpreting the Idea of a Global Economy 1
John Turner and Young-Chan Kim
2 The Theory of Korean Foreign Direct Investment 17
Young-Chan Kim and Yongrok Choi
3 Paradoxes of Globalisation: Some Thoughts on a Much 39
Abused Concept
Carlos A. P. Machado
4 Global Capitalism and the Asian Financial Crisis 60
Douglas J. Sikorski
5 Korean Direct Investment in EU: Global Koreanisation 81
Judith Cherry
6 Inward Foreign Direct Investment Policy and Practice: an 106
Anglo-Korean Comparison
John Turner and Young-Chan Kim
7 Globalisation or De-Globalisation: What Role for the World 134
Trade Organisation?
Stephen Young and Thomas L. Brewer
VI Globalisation and Korean Foreign Investment
8 Whither Global Capitalism? 153
John Dunning
Bibliography 192
Index 204
List of Figures
2-1 Foreign Direct Investment vs. Export toward N. America 19
2-2 Production Decision by Factor Analysis 20
2-3 Foreign Direct Investment vs. Export toward S. Asia 23
2-4 Synthesis of Foreign Direct Investment theories 25
2-5 Foreign Direct Investment Trend by Invested Total 27
Amount and Projects
2-6 Foreign Direct Investment Trend by Industry 30
2-7 Foreign Direct Investment by Industry 31
2-8 Foreign Direct Investment by Manufacturing Type 32
2-9 Foreign Direct Investment by Region 33
2-10 Foreign Direct Investment Trend by Size 34
2-11 Foreign Direct Investment by Equity Ratio 35
5-1 The Business Environment and Korean Government 98
Policy 1963-1986
5-2 Changes in the Business Environment and 99
Korea Government Policy 1987-1996
6-1 IBB Organisation Chart in 2000 124
6-2 KISC Organisation Chart in 2000 125
8-1 The Institutions of Global Capitalism 162
8-2 Market 164
8-3 Intermediate Associations 167
8-4 Government 171
8-5 Supra-National Entities 175
8-6 The Moral Understanding of the Global Capitalism 180
Diamond
8-7 Illustrations of Three Perceived Ways in which Global 185
Capitalism Might Fail
List of Tables
4- 1Pre-Crisis Current Account Balances 63
5- 1 Korean Foreign Direct Investment, 1968-1996 82
5-2 Korean Foreign Direct Investment: By Sector, 1968-1979 84
5-3 Korean Foreign Direct Investment: By Region, 1968- 85
1979
5-4 Korean Foreign Direct Investment: By Sector, 1980-1985 86
5-5 Korean Foreign Direct Investment: By Region, 1980- 87
1985
5-6 Korean Foreign Direct Investment: By Sector, 1986-1996 90
5-7 Korean Foreign Direct Investment: By Region, 1986- 91
1996
5-8 Korean Foreign Direct Investment in the EU and the 95
World, Annual Growth Rates, 1968-1996
6-1 Inward Foreign Direct Investment by Industrial Sector 109
1962-1972
6-2 Inward Foreign Direct Investment by Industrial Sector 111
1973 -1978
6-3 Foreign Loans and Direct Investment 1959-1980 113
6-4 Foreign Direct Investment: Liberalisation Status, 1980- 116
November 1992
6-5 Foreign Direct Investment on an Arrival Basis 1962-1990 117
6-6 Foreign Direct Investment by High-Technology Foreign 120
Companies in Korea
6- 7Inward Foreign Direct Investment Proportions by 122
Country
7- 1 The Uruguay Round - Investment Related Agreements 138
7-2 The World Trade Organisation and Globalisation - Areas 139
of Inquiry
7-3 Summary Features of Uruguay Round Agreements 140
Relevant to Investment-Related Issues
7-4 Trend Over Time in Number of GATT and World Trade 142
Organisation Dispute Cases
7-5 Selected Patterns of World Trade Organisation Dispute 143
Cases, January 1,1995-December 31 1998
List of Tables ix
8-1 Feature of Three Stages of Market Based Capitalism 157
8-2 Some Indices of Globalisation 158
8-3 Cause of Global Capitalism 159
8-4 Three Possible Future Scenarios of Global Capitalism 161
8-5 The Governance of Global Capitalism 162
8-6 The Impact of Global Capitalism on the Role of 174
National and Sub-National Governments
8-7 What are the particular Moral Virtues which a 181
Knowledge and Alliance Based Globalising Economy
Demands?
8-8 Illustrations of Four ‘Failures’ of Global Capitalism as 187
Revealed in the Case of Recent Economic Events in
Seven Countries
